A Tradition of Integrity
A Message from Tom Gendron, Chairman and Chief Executive Officer
Woodward has conducted business with integrity since 1870. I am pleased to maintain the Tradition of Integrity carried on by each of Woodward's five prior chief executives. I strongly support the Woodward Codes of Business Conduct and Ethics as a written expression of the Tradition of Integrity central to Woodward's culture.
Woodward is not merely responding to reforms in the wake of corporate scandals. In emphasizing our commitment to A Tradition of Integrity, we are expressing Woodward's core values and principles.
These core values and principles are essential to us, and we expect everyone at Woodward to behave accordingly. Each of the members of our Board of Directors has committed to act ethically at all times and to adhere to the policies in the Woodward Codes of Business Conduct and Ethics. All of our members, including officers and senior management, are required to comply with these codes. The commitment also extends to others who represent or act on behalf of Woodward. Representatives are instructed that their conduct on our behalf shall comply with these codes.
Within the Woodward Codes of Business Conduct and Ethics there are two codes: 1) the Woodward Code of Business Conduct and 2) the Woodward Code of Ethics for Senior Financial Officers and Other Finance Members. The Woodward Code of Business Conduct applies to all Woodward members as well as to Woodward's directors.
The Woodward Code of Ethics for Senior Financial Officers and Other Finance Members is specifically directed to Woodward's Finance group. In compliance with applicable law, this code also applies to Senior Financial Officers and to me as Woodward's Chairman and Chief Executive Officer.
These codes also reference Policy 2-16 "Trades of Woodward Stock" which addresses in detail issues of insider trading. The "Reporting Violations" section of the Woodward Codes of Business Conduct and Ethics (pages 11 through 15) establishes the policies and procedures for reporting suspected violations of these codes. Reports can be submitted in a variety of ways including a confidential help line which is available to report suspected violations. Reports can be submitted anonymously by calling your country specific toll free number (in the U.S. 888-325-7915) or by using a web-based tool accessible via www.Woodward.com or www.EthicsPoint.com. Non-U.S. phone numbers are listed on page 14.
Woodward Codes of Business Conduct serve to guide us in acting on behalf of Woodward. It is essential that every member and representative of Woodward understands and complies with them.